The 1.3329 level is a downward trend line on the daily chart (missed it on the earlier report). This is a key level for the pair. The price has moved above this level today. but was not able to sustain momentum on the first attempt. The failure to sustain momentum may give longs a reason to take some profits intraday. They can always get back in on a move to new highs. Key time for the market today.
Overall, even if the high holds, the sellers are trading against the trend and will need to push the price below The 1.3291-1.3302 to take back some control. A move below the 1.3284 level would not be welcomed by the longs today and would muddy the bullish bias a bit.
